Fred’s Inc. (NASDAQ:FRED)’s share price was down 2.2% on Friday . The company traded as low as $12.77 and last traded at $12.83, with a volume of 50,498 shares. The stock had previously closed at $13.12.

A number of equities analysts recently weighed in on FRED shares. Zacks Investment Research raised shares of Fred’s from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, July 20th. Deutsche Bank AG reaffirmed a “hold” rating and set a $15.00 price objective on shares of Fred’s in a research report on Tuesday, August 2nd. MKM Partners reaffirmed a “hold” rating on shares of Fred’s in a research report on Tuesday, May 31st. Finally, Sidoti assumed coverage on shares of Fred’s in a research report on Wednesday, July 6th. They issued a “neutral” rating and a $17.00 price target for the company.

The firm’s market capitalization is $473.94 million. The company’s 50-day moving average is $14.77 and its 200 day moving average is $14.72.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, August 31st.

In other Fred’s news, Director Michael Hayes sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $15.20, for a total value of $76,000.00. Following the sale, the director now owns 1,586,066 shares of the company’s stock, valued at $24,108,203.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Fred’s stock. Dimensional Fund Advisors LP boosted its position in shares of Fred’s Inc. (NASDAQ:FRED) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,093,951 shares of the company’s stock after buying an additional 54,483 shares during the period. Dimensional Fund Advisors LP owned about 8.28% of Fred’s worth $50,648,000 at the end of the most recent reporting period.

Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.

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